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dule85
Jun 17, 2015 9:08 AM

AUDCAD 1h Bullish Bat Pattern Long

Australian Dollar/Canadian DollarFXCM

Description

A potential long opportunity at the completion of a bullish bat which is the 0.886 retracement of the XA leg.
At market entry because the pattern is still valid and we get a better risk/reward ratio.
Stops need to go below X. TG1 is at the 0.382 retracement from A to D. TG2 is at the 0.618 retracement from A to D
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